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    MKS   GB0031274896

MARKS AND SPENCER GROUP PLC

(MKS)
  Report
Delayed London Stock Exchange  -  11:35 2022-10-06 am EDT
96.18 GBX   -0.72%
10/03Germany's Linde Sells Logistics Unit Gist To UK-based Marks & Spencer
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09/30Marks & Spencer Completes $160 Million Deal For Logistics Provider Gist
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09/30Marks and Spencer Group plc completed the acquisition of Gist Limited from Storeshield Limited.
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UK's M&S halts sales of disposable BBQs due to fire risk in dry weather

08/03/2022 | 12:14pm EDT
FILE PHOTO: A sign for Marks and Spencer (M&S) hangs outside one of their UK stores in London

LONDON (Reuters) - Britain's Marks and Spencer (M&S) said on Wednesday it would stop selling disposable barbecues in order to reduce the risk of fires in dry conditions following a record heatwave.

A number of supermarket chains in Britain, including Aldi and Waitrose, had already banned or limited sales of disposable barbecues, which are made from lightweight aluminium and risk causing fires if they aren't put out properly.

"We'd already stopped selling disposable barbecues near national parks and in London but given the unusually hot and dry conditions, we've taken the precautionary step of removing them from sale across the UK," M&S said on Twitter.

The decision comes days after London's fire chief called for a total national ban on the sale of such barbecues following the city fire brigade's busiest week since World War Two as it battled an unprecedented number of grassland fires.

"The dry spell has left grassland like a tinderbox and increases the chances of a fire caused by a disposable barbecue," the London Fire Brigade said last week.

"Disposable barbecues need to be taken off the shelves needed to help prevent widespread blazes."

Britain recorded its hottest day ever on July 19, with the temperature exceeding 40C (104F) amid a heatwave across Europe. The Met Office has said that last month was the driest July in England since 1935, with some regions recording their driest July ever.

Earlier on Wednesday, water company South East Water announced a temporary ban on sprinklers and hosepipes in parts of the south of England to protect water supplies in the dry weather.

(Reporting by Sachin Ravikumar, Editing by Kylie MacLellan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MARKS AND SPENCER GROUP PLC -0.72% 96.18 Delayed Quote.-58.13%
S&P GSCI ALUMINUM INDEX -0.22% 148.6838 Real-time Quote.-16.44%
All news about MARKS AND SPENCER GROUP PLC
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09/30Marks & Spencer Completes $160 Million Deal For Logistics Provider Gist
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Analyst Recommendations on MARKS AND SPENCER GROUP PLC
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Financials
Sales 2023 11 081 M 12 397 M 12 397 M
Net income 2023 268 M 300 M 300 M
Net Debt 2023 2 709 M 3 031 M 3 031 M
P/E ratio 2023 6,78x
Yield 2023 6,36%
Capitalization 1 889 M 2 114 M 2 114 M
EV / Sales 2023 0,42x
EV / Sales 2024 0,40x
Nbr of Employees 65 000
Free-Float 99,6%
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Technical analysis trends MARKS AND SPENCER GROUP PLC
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 96,88 GBX
Average target price 158,33 GBX
Spread / Average Target 63,4%
EPS Revisions
Managers and Directors
Stuart Machin Co-Chief Executive Officer & Director
Katie Bickerstaffe Co-Chief Executive Officer & Director
Eoin Philip Tonge CFO, Executive Director & Chief Strategy Officer
Archibald John Norman Chairman
Sacha Berendji Director-Retail, Operations & Property
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